Real estate Web site Doorsteps has released an infographic that shows demographic and financial data on first-time home buyers, which includes data from the National Association of REALTORS®’ 2012 Profile of Home Buyers and Sellers. Among the key data points:
First-time home buyers are more willing to compromise on the house, but not on the neighborhood.
Most first-time home buyers cut out on luxury items (42 percent) and entertainment (35 percent) to save for a home.
The average age of the first-time home buyer is 31.